Premier Farnell Q3 profit tumbles

Electronic products firm Premier Farnell posted a 17.8% decline in third quarter profit and said while it remains cautious on the global economic outlook, the business responded well to the challenging environment.

Electronic products firm Premier Farnell posted a 17.8% decline in third quarter profit and said while it remains cautious on the global economic outlook, the business responded well to the challenging environment.

Pre-tax profit in the quarter ended 30 October fell to £19.4m from £23.6m the year before. Total revenue fell to £241.8 during the period from £251.3m previously. Operating profit was down at £25.8m from £27.4m.

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